MetLife Investment Management LLC Buys 3,310 Shares of Titan International, Inc. (NYSE:TWI)

MetLife Investment Management LLC raised its position in shares of Titan International, Inc. (NYSE:TWI) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,763 shares of the industrial products company’s stock after acquiring an additional 3,310 shares during the period. MetLife Investment Management LLC’s holdings in Titan International were worth $182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of Titan International by 1.0% during the fourth quarter. Renaissance Technologies LLC now owns 2,743,587 shares of the industrial products company’s stock valued at $18,629,000 after purchasing an additional 27,616 shares during the period. Victory Capital Management Inc. boosted its position in Titan International by 21.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company’s stock valued at $13,267,000 after buying an additional 344,658 shares during the period. Geode Capital Management LLC grew its stake in Titan International by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,138,329 shares of the industrial products company’s stock worth $7,732,000 after acquiring an additional 5,940 shares in the last quarter. Donald Smith & CO. Inc. increased its position in shares of Titan International by 25.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 500,905 shares of the industrial products company’s stock worth $3,401,000 after acquiring an additional 103,105 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Titan International by 5.1% during the fourth quarter. Empowered Funds LLC now owns 312,387 shares of the industrial products company’s stock valued at $2,121,000 after acquiring an additional 15,245 shares in the last quarter. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Wall Street Analyst Weigh In

TWI has been the subject of a number of research analyst reports. StockNews.com raised Titan International from a “sell” rating to a “hold” rating in a research report on Thursday. Cantor Fitzgerald started coverage on shares of Titan International in a research note on Thursday, March 20th. They issued an “overweight” rating and a $11.00 price objective for the company.

Titan International Stock Up 4.0 %

Titan International stock opened at $6.91 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The firm has a market cap of $439.88 million, a P/E ratio of -57.54 and a beta of 1.95. The business has a fifty day moving average of $7.62 and a two-hundred day moving average of $7.61. Titan International, Inc. has a twelve month low of $5.93 and a twelve month high of $9.60.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $490.71 million for the quarter, compared to the consensus estimate of $466.86 million. Titan International had a negative net margin of 0.51% and a positive return on equity of 5.76%. On average, analysts forecast that Titan International, Inc. will post 0.03 earnings per share for the current fiscal year.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.